The World Economic Forum announces new class
of technology pioneers for 2006: MBA Polymers, Inc. selected
Richmond, CA— The World
Economic Forum announced 36 Technology Pioneers for 2006. MBA
Polymers, Inc. has been selected as one of these Technology Pioneers.
Technology Pioneers are companies
that have been identified as developing and applying highly transformational
and innovative technologies in the areas of energy, biotechnology
and health, and information technology. This year’s class
of companies has been selected because their work has potential
long-term impact on business and society.
One of this year’s Technology
Pioneers is MBA Polymers, Inc. with headquarters in Richmond,
California. MBA Polymers is considered a leader in developing
and commercializing groundbreaking technology to recycle complicated
plastic waste streams such as those coming from end-of-life computers,
electronics, appliances, automobiles and even toys.
MBA Polymers has perfected a
completely automated high-tech process using over 30 individual
unit operations. This process starts with completely mixed waste
streams ranging in size from whole computer or car parts, etc.
to shredded bits 10 mm in size and separates this mixture into
ferrous metal, nonferrous metal and numerous types of plastics.
MBA sells the recovered plastics
back to manufacturers of the same types of products. MBA has developed
its technology and this business over the last twelve years with
an investment of over $30 million.
MBA is expanding rapidly overseas,
with two large state-of-the art plants opening within six months
of one another: one in China and one in Europe.
MBA has received considerable
recognition for developing such innovative technology and creating
an exciting new business that combines strong financial returns
with outstanding benefits to the world. Two examples of benefits:
•MBA can produce the
plastics with 95% less energy than required to make the sample
type and amount of plastics from petrochemicals and
•For every ton of virgin plastics that MBA replaces with
its recycled plastics, between two and three tons of greenhouse
gas CO2 are kept from entering the atmosphere.
In 2002, MBA won the 2002 Edison
award for Innovation and was identified as one of America’s
Most Innovative companies by Inc. magazine.